Re: Fixed Funds

In Reply to: Fixed Funds posted by Gary Trimmier on January 19, 2002 at 09:47:48:

: Mark - I have a Fixed Fund in which the share quanity does not vary. How would I record a Dividend distribution that is reinvested in the fund without increasing the amount of shares? My custodian records the distribution as reinvested buying x amount of shares, then does a reverse split only on the quanity of new shares in effect negating the increase in share count.: Thanks again.

Hi Gary, You can record it the same way in FM. A reverse split or 'recombination'can be recorded by doing a split with a ratio less than 1.